Nokia announced it will acquire LLC International's U.S.-based network deployment operations. While financial details were not publicly disclosed, analysts say the deal is worth well over $100 million. The deal should boost Nokia's network services in the States since LLC has lucrative relationships with Sprint Nextel and Verizon Wireless, but analysts say the financial payout will be too insignificant to affect the OEM's bottom line. Nokia's network division dropped in earnings to $184 million in the first quarter from $272 million a year ago, which is a drop in the bucket compared to the company's $1.7 billion first quarter handset revenue.
For more on Nokia's acquisition of LLC assets:
- read this RCRNews article